neuromancer
Short

Bitcoin Crash to 5400 Coming

POLONIEX:BTCUSDT   Bitcoin / Tether USD
After every new ATH , there is a crash, so I'd expect it to go down to the next fib line at some point over the next few days.

Comments

So if you were looking to short on this, what signals are you looking for and what are your targets? I'm not asking to try and base a trade off your opinion unless I had my own resoning behind it, just looking for a different perspective
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neuromancer santavy97
@santavy97, I am personally not going to short BTC, but will be using this crash as a signal to go long on alts. That is to say, when I see the drop to perhaps $5950 or so, I will start getting interested.
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santavy97 neuromancer
@neuromancer, why is the $5950 mark a place of interest? that is a small previous level of structure, with fib. retracement and previous actions made by btc shows how it double tops when having a big bullish run and then a retracement to the .5 level when lining it up from swing low to swing high.
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neuromancer santavy97
@santavy97, 5950 was arbitrary, just a number close to where it made it's second run up to $6000 and beyond. Yes, fib retracement and trend extensions are useful here, for sure.
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